Multifamily Housing - For Sale
111 Porter Avenue Buffalo, NY 14201
Details & Description
Price: $7,950,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 1.090
  • Building Sq Ft 50
  • Building Price per Sq Ft $1.00
  • Land Sq Ft 47,480
  • Land Price per Sq Ft $167.44
A 125 unit brick complex located directly across from the Peace Bridge atNYS I-190 ExitLot Size: 1.09 acresUnit Mix: 114 Studios and 11 one bedroomFeatures:Excellent conditionOnsite laundromat facilitiesSolid brick structure70 car parkingAdditional indoor 32 car parking for income generating car and boat storage5 minutes from Downtown BuffaloClose to D’Youville CollegeInsulated roof and windows are approximately 12 years oldSecurity system with camerasGas boiler in excellent conditionStudios rent for $650-$699 and one bedroom for $750Originally constructed as hotel in 1959 so all or part could be converted to Air BNB to service Canadian visitors to United States 
Listing Agents
Alan Hastings

O: 716-886-2215
alan@hastingscohn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

111 Porter Avenue

Buffalo, NY 14201

Listing ID: 190667
Property No Longer Listed
  • Property Type Multifamily for Sale
  • Lot Size Acres 1.090
  • Building Sq Ft 50
  • Building Price per Sq Ft $1.00
  • Land Sq Ft 47,480
  • Land Price per Sq Ft $167.44
111 Porter Avenue Buffalo, NY 14201 | for Sale | Photo 1
Description

A 125 unit brick complex located directly across from the Peace Bridge at

NYS I-190 Exit

Lot Size: 1.09 acres

Unit Mix: 114 Studios and 11 one bedroom

Features:

Excellent condition

Onsite laundromat facilities

Solid brick structure

70 car parking

Additional indoor 32 car parking for income generating car and boat storage

5 minutes from Downtown Buffalo

Close to D’Youville College

Insulated roof and windows are approximately 12 years old

Security system with cameras

Gas boiler in excellent condition

Studios rent for $650-$699 and one bedroom for $750

Originally constructed as hotel in 1959 so all or part could be converted to Air BNB to service Canadian visitors to United States

 

Buffalo Area Market Trends

Listing Demographics for 111 Porter Avenue Buffalo, NY 14201

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population20,29895,965225,529
Population Median Age343637
Population by Age0-9 Yrs2840 (13%)11895 (12%)29099 (12%)
10-19 Yrs2884 (14%)12171 (12%)28114 (12%)
20-29 Yrs4015 (19%)20590 (21%)42545 (18%)
30-39 Yrs3182 (15%)12846 (13%)31209 (13%)
40-49 Yrs2059 (10%)9739 (10%)25020 (11%)
50-59 Yrs2176 (10%)11203 (11%)27357 (12%)
60-69 Yrs1803 (8%)9212 (9%)22778 (10%)
70+ Yrs1338 (6%)8309 (8%)19407 (8%)
Median HH Income$29,629$33,936$35,216
Total Household Income< 24K4171 (45%)17110 (39%)37629 (38%)
25-49K2287 (24%)10547 (24%)24927 (25%)
50-74K1210 (13%)6060 (14%)13871 (14%)
75-99K507 (5%)3181 (7%)8522 (8%)
100-199K899 (9%)4582 (10%)11583 (11%)
200K+192 (2%)1298 (3%)2248 (2%)
Highest Education LevelNo Diploma32131159724401
Diploma or GED28551457839359
Some College19751134829107
Assoc. Degree867494214445
Bachelors Degree21301048323402
Higher Degree1663875617846
Total Housing Units10,65252,543118,353
--Owner-Occupied2,56213,71239,983
--Renter-Occupied6,70429,06658,796
Owner-Occupied Values< 100K892626721515
100-199K709301310142
200-299K50217534094
300-399K23912291946
400-499K114610867
500K+1068401419
Total Working Age Population15,74177,779180,433
In Work Force9,19945,744107,606
Not In Work Force6,54332,03572,827
Workforce Employed8,67442,51599,822
Workforce Unemployed5213,1617,676
Civlian Workforce9,19545,675107,498
Military Workforce468108
Total Households9,26642,77898,779
Family Households4,02518,55049,040
Non-Family Households5,24124,22749,739
Married Couple1,9689,01824,127
Other Family2,0579,53324,913
Married w/Child1,0753,7129,127
Single Male w/Child2069242,356
Single Female w/Child1,1534,69111,961

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New York18,976,457+219,378,102+420,146,131+220,604,030
Erie County950,265-3919,040+2936,084+1949,073

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Buffalo Niagara International Airport (BUF) 9
Greater Rochester International Airport (ROC) 64
Erie International Tom Ridge Field (ERI) 86